Sebi regulations to derail India’s Masala bond market

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Sebi regulations to derail India’s Masala bond market

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The Securities and Exchange Board of India (Sebi) has suspended the issuance of offshore rupee bonds, after foreign holdings of rupee debt reached 92.7% of the authorised limit. The move will not only derail the Masala market — it could also dampen foreign investor interest in some Indian dollar deals.

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